The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 28, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Westcore Completes Second Sacramento-Area Purchase in the Last 30 Days


Westcore Properties closed its second Sacramento-area acquisition in 30 days, as the San Diego-based firm spent $1.872 mil for 8388 Rovana Circle, a 72k sf distressed industrial asset. The property was purchased from Sterling Savings Bank.

Built in 1996, Rovana Circle sits on a 4.3-acre site and features steel frame, concrete-tilt up construction. The building features 17 dock high doors, nine grade level doors, and 24' to 26' clear height.

"We recognized the future viability and upside of this well-located asset, which we look forward to stabilizing in the coming months," said Neil Johnson, principal of acquisitions with Westcore Properties' Northern California office. "Rovana Circle is ideally located with convenient access to nearby Interstate 99 with a number of features valued by industrial and warehouse tenants."

Johnson added that current tenant Ampac Services, Inc., a Northern California-based provider of packaging, shipping and industrial supplies, occupies 66 percent of the property. The company utilizes the space for one of two of its warehouse locations, the second being in Union City, Calif. Westcore Properties expects the remaining vacancy to be leased very soon given recent activity.

Both Westcore Properties and Sterling Savings Bank represented themselves in the Rovana Circle transaction. Westcore also recently purchased a 36k sf industrial building at 1120 Tara Ct in Rocklin, just outside Sacramento, for $936k. Currently, the company owns and manages a 12 msf portfolio comprised of industrial, office and retail space with a combined total value in excess of $1.2 bil.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media